2 Dec 2015 09:40
ASX Announcement
2 December 2015
ASX: OEX
AIM: OEX
ASX: ZER
Zeta Legal Proceedings Update
Oilex Ltd (Oilex or the Company) provides an update on the previously announced legal proceedings (announcement dated 13 November 2015 and 25 November 2015), commenced by Zeta Resources Limited (Zeta).
Oilex has today provided notice to the Court and Zeta of its intention to defend the legal proceedings and agreed a timetable with Zeta by which Oilex will file and serve its defence and cross claim by 16 December 2015.
The parties are presently engaged in discussions to explore options for a commercial resolution of the dispute, the subject of the legal proceedings. The parties have further agreed with the approval of the Court, not to take further steps in the legal proceedings until 1 March 2016 (other than filing and serving the defence and cross claim).
For and on behalf of Oilex Ltd
Ron Miller
Managing Director
For further information, please contact:
Investor Enquiries Oilex Ltd Ron Miller Managing Director Email: oilex@oilex.com.au Tel: +61 8 9485 3200 Australia | Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy /Ritchie Balmer Email: oilex@strandhanson.co.uk Tel: +44 20 7409 3494 UK
| Media Enquires Vigo Communications Public Relations UK Patrick d'Ancona / Chris McMahon Email: patrick.dancona@vigocomms.com chris.mcmahon@vigocomms.com Tel: +44 20 7016 9570 UK |